Tenant Resources Archives - H.W. Holmes Inc.

Options for Commercial Landlords as Tenants Struggle to Pay Rent

admin — Fri, 01 May 2020 22:13:11 +0000

The manner in which we live and conduct our day to day business has been drastically altered by the COVID-19 pandemic. The economic repercussions we face as we social distance to prioritize everyone's health and safety will be profound. Particularly with the state-mandated shutdown of non-essential businesses. A recent Chamber of Commerce survey concluded that [...]

The post Options for Commercial Landlords as Tenants Struggle to Pay Rent appeared first on H.W. Holmes Inc..

Will Force Majeure Clauses Apply During the Coronavirus (COVID-19) Pandemic?

admin — Sun, 15 Mar 2020 20:11:39 +0000

A lease agreement's force majeure provision can do any of the following. It could excuse contractual obligations in their entirety if they can't be met due to a force majeure event. It could delay or defer said obligations until the conclusion of that specific force majeure event. And, in extreme instances, it can allow for [...]

The post Will Force Majeure Clauses Apply During the Coronavirus (COVID-19) Pandemic? appeared first on H.W. Holmes Inc..

Do Tenant Improvements Qualify for Bonus Depreciation?

admin — Mon, 10 Feb 2020 08:11:05 +0000

Tenant or leasehold improvements are improvements made by a landlord to attract or retain a tenant. The tenant can request specific customizations to the space's interior to better suit their needs or preferences. These improvements can be paid for by either the landlord or tenant. This is all negotiated and outlined in the signed lease [...]

The post Do Tenant Improvements Qualify for Bonus Depreciation? appeared first on H.W. Holmes Inc..

What Does My TI Allowance Really Include?

admin — Mon, 23 Dec 2019 08:33:36 +0000

Whether your company is looking for office space in a newly constructed development or a previously occupied space in an older building, the building owner will likely offer a tenant improvement allowance. A TI allowance is a dollar amount the landlord offers to cover the cost of any customizations you want done to the space. [...]

The post What Does My TI Allowance Really Include? appeared first on H.W. Holmes Inc..

Understanding the Different Types of Tenant Improvements

admin — Fri, 08 Nov 2019 10:56:54 +0000

Customizing a space you'd like to rent or lease to better suit your needs is called a tenant improvement. To defray the cost of this customization or buildout, a landlord will often offer a tenant improvement allowance. This is a sum of money, sometimes referred to as a TI allowance or a TIA, that's put [...]

The post Understanding the Different Types of Tenant Improvements appeared first on H.W. Holmes Inc..

Law Firm Office Spaces Are Becoming Smaller & More Collaborative

admin — Wed, 23 Oct 2019 09:01:16 +0000

The size of the average law firm office has shrunk in overall square footage over the course of the last five years. While many associate this with the emergence of younger smaller firms, there are other factors playing into this. In this blog post, Los Angeles office construction contractors H.W. Holmes, Inc. look at a [...]

The post Law Firm Office Spaces Are Becoming Smaller & More Collaborative appeared first on H.W. Holmes Inc..

LA Tech & Media Companies Get Higher TIAs – Here’s Why

admin — Sat, 21 Sep 2019 04:25:47 +0000

2019 has seen a continuation of tech and media tenants grabbing up available office space in and around Los Angeles. According to commercial brokerage Savills, leasing activity in the second quarter of 2019 reached 5.3 million square feet - a three-year high. Leading this leasing frenzy are companies like Netflix, Amazon, Apple, Facebook, and Google. [...]

The post LA Tech & Media Companies Get Higher TIAs – Here’s Why appeared first on H.W. Holmes Inc..

Who Manages a Tenant Build Out?

admin — Tue, 17 Sep 2019 19:05:25 +0000

Many offices, retail buildings, or restaurants consist of nothing more than four walls and a door when a prospective tenant first walks through. A tenant build-out is where this raw space is finished to meet that tenant's specific needs. But build-outs bring on an array of questions. What type of improvements will be needed? Who [...]

The post Who Manages a Tenant Build Out? appeared first on H.W. Holmes Inc..

What Determines Your Tenant Improvement Allowance Amount?

admin — Tue, 10 Sep 2019 18:35:12 +0000

If you're a tenant about to sign a lease term of at least five years, the landlord will likely give you a tenant improvement allowance amount (TIA amount). This TIA from the landlord is generally quoted as a dollar amount per square foot. It should ideally cover most, if not all, of the costs associated [...]

The post What Determines Your Tenant Improvement Allowance Amount? appeared first on H.W. Holmes Inc..

How To Get More From a Tenant Improvement Allowance

admin — Sat, 20 Jul 2019 00:48:02 +0000

Congratulations. You've signed a lease. The landlord has given you a Tenant Improvement Allowance and they've even agreed to handle every detail of the building out of your new space. Sounds great, right? Perhaps. Here are a few ways to ensure you're getting the most from your Tenant Improvement Allowance. Make Sure All Work Is [...]

The post How To Get More From a Tenant Improvement Allowance appeared first on H.W. Holmes Inc..